Rapid Urbanization Fuels Demand for Rental Housing
Mumbai remains the most expensive rental market with a 2% increase in rental values, according to the MagicBricks Rental Index report for Q4 of FY2026. However, cities like Ahmedabad, Noida, and Greater Noida have emerged as the most affordable options for tenants.
Top Affordable Cities for Tenants
- Ahmedabad: Led by a muted rise of 0.1% QoQ, rents saw moderate growth of 1%
- Noida: With ongoing development near GIFT City, living in the city is becoming increasingly comfortable
- Greater Noida: Renters are drawn to the city due to its well-balanced combination of affordability, lifestyle benefits, and connectivity
Ahmedabad's Rental Market: A Detailed Analysis
As per the data, there is a higher availability of larger homes (55%) compared to 2 BHKs (28%). However, tenants continue to prioritize affordability and practicality, with demand for 2 BHK homes (49%) surpassing demand for 3 BHK (29%).
Home Types in Demand
- Semi-furnished homes (47%): The most in-demand type of home in Ahmedabad
- Furnished homes (27%): Second most in-demand type of home
- Unfurnished homes (26%): Least in-demand type of home
Rent Range in Demand
- INR 10,000 - 20,000 (41%): The most in-demand rent range in Ahmedabad
- INR 20K - 30K (36%): Second most in-demand rent range
Locality-wise Rents in Ahmedabad
| Locality | 2 BHK Rent (Rs.) | 3 BHK Rent (Rs.) |
|---|---|---|
| Shela | 23,600 | 34,600 |
| South Bopal | 25,000 | 32,700 |
| Vaishnodevi Circle | 26,300 | 33,600 |
| Satellite | 25,400 | 48,500 |
| Shilaj | 23,400 | 31,000 |
| Chandkheda | 20,000 | 28,300 |
| Gota | 23,200 | 32,700 |
| Thaltej | 27,800 | 53,700 |
Ahmedabad: A Preferred Destination for Working Professionals and Students
Ahmedabad continues to grow as a preferred destination for working professionals and students alike, balancing infrastructure development with housing affordability remains important for the city to retain its edge over pricier metros.